(RealShare Orange County convenes at the Hyatt Regency, Irvine, August 16.)
ONTARIO, CA-GlobeSt.com has exclusively learned that Colliers International has been awarded a property management and leasing assignment totaling nearly 3.8 million square feet. The firm will manage a Southern California industrial and distribution property portfolio on behalf of Hawaii-based owner, James Campbell Co. LLC.The portfolio includes 18 facilities within the counties of San Bernardino, Los Angeles and Orange. The portfolio is currently 95% occupied. Some of the key tenants include Home Depot USA Inc., CSC, Leapfrog, Tyco Electronics, and RockTenn.
According to Sydni Roberson, vice president of James Campbell, Colliers was selected because of the firm’s “exceptional performance on two Campbell portfolios of similar size in Chicago and Atlanta. Colliers has delivered standardized integration with Campbell’s proprietary systems, access to a national network of real estate professionals and resources, and proven results in the management and leasing platform.”
Colliers International has assigned a management team of professionals to each asset in the portfolio lead by Matt Panebianco, a director with Colliers International. Eric Johnson, regional managing director with Colliers International explains that the firm “will create value through improved operations and efficiency including integrating its proven green building management approach through green audits, energy management, and other environmentally friendly operations.”
Kevin McKenna, an executive vice president of the Ontario office for Colliers International, who recently joined Colliers from CBRE and was instrumental in the portfolio transition to Colliers, points out that James Campbell Co., “made the strategic decision to assemble a large portfolio in Southern California. Over the last 10 years the company has amassed approximately 4 million square feet of quality, state-of-the-art warehouses. The location is ideal to take advantage of the booming containerized import business from Asia into the Ports of Los Angeles and Long Beach. Currently, the vacancy rates remain low and absorption activity is very strong.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
